Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
At the beginning of the year, the Rabid Capitalist observed that interested parties, investment bankers and securities lawyers, had expressed optimism for an IPO market recovery in 2025. I noted that a rebound would be delayed until 2026 through 2028, resulting from the high volume of bad IPOs that must be resurrected or recycled. These conditions have been exacerbated by the uncertainty injected into the markets by the Trump administration’s inconsistent and irrational immigration, tariff and foreign policies.
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